Aflac Whole Life

IC(6/19)B60175COM

Aﬂac

Whole Life

INDIVIDUAL WHOLE LIFE INSURANCE

You can count on Aﬂac for Life.

Underwritten by:

American Family Life Assurance Company of Columbus

Worldwide Headquarters | 1932 Wynnton Road | Columbus, Georgia 31999

Is your family protected if something happens to you?

If something happens to you, will your family be able to pay the bills without your income? Life insurance will

help protect their way of life – from remaining in the family home to paying for childcare, continuing dance or

soccer lessons, or even school tuition and other educational costs. When someone is depending on you for

ﬁnancial security, you can count on Aﬂac for Life.

You can choose the face amount that ﬁts your budget as well as your lifestyle. If something happens to you,

your loved ones will have cash beneﬁts that can help with:

• Burial and funeral expenses.

• Out-of-pocket medical costs, current bills and debts.

• Income replacement and educational plans.

• Emergency funds and retirement expenses.

Aﬂac herein means American Family Life Assurance Company of Columbus.

AFLAC WHOLE LIFE

INDIVIDUAL WHOLE LIFE INSURANCE

Policy ICC18B60100

Face Amounts

If you’re between the ages of 18 and 70, you may apply for up to $250,000 in life insurance protection.

No one likes to think about the need for life insurance. But when people depend on you, Aﬂac is here to help

you ensure their ﬁnancial futures with life insurance beneﬁts. Our whole life insurance is an important way you

can help make sure they’re well-protected and you are, too.

Why choose Whole Life insurance?

• Available cash – You can borrow from the policy’s cash value to help pay medical expenses,

college tuition or any other bills you may have.

• Increase in the cash value – Any increase in the cash value of a life policy is not subject to

income tax while the cash remains in the policy.

• Guaranteed coverage – Coverage continues for as long as you pay your premiums.

• Advanced claim payment – Pays $5,000 in advance of the full death beneﬁt to help the beneﬁciary with

immediate needs.

• Accelerated Death Payment for a Terminal Illness – Pays up to 50% of the amount shown in the

Policy Schedule.

The above example is based on a scenario for whole life insurance with a $200,000 face amount.

This is a brief product overview only. Coverage may not be available in all states. Beneﬁts/premium rates may vary based on coverage selected. Optional riders are available at an

additional cost. The policy has limitations and exclusions that may affect beneﬁts payable. Refer to the policy for complete details, deﬁnitions, limitations and exclusions.

Understand the

dierence Aﬂac

can make in your

ﬁnancial security.

For more than 60 years, Aﬂac has been dedicated to helping provide individuals

and families peace of mind and ﬁnancial security when they’ve needed it most.

Our whole life insurance policy is just another way to help make sure you’re

well-protected.

How it works

FACE

AMOUNT

$200K

DEATH BENEFIT

$200K -$100K = $100K

REMAINING TO

BENEFICIARY AT TIME

OF NAMED

INSURED’S DEATH

ADVANCED CLAIM PAYMENT

$5,000

AT TIME OF NAMED

INSURED’S DEATH TO HELP

WITH IMMEDIATE EXPENSES

$95K

YOUR BENEFICIARY

RECEIVES THIS

AMOUNT

AT TIME OF NAMED

INSURED’S DEATH

ACCELERATED DEATH

PAYMENT FOR A

TERMINAL ILLNESS

TO NAMED INSURED

(50% OF FACE

AMOUNT)

$100K

AFLAC INDIVIDUAL WHOLE LIFE

IMMEDIATE NEEDS

FINAL EXPENSES

Costs associated with your burial/funeral, uninsured medical costs,

estate taxes/probate, etc.

OUTSTANDING DEBT

Mortgage/rent, car loans, credit cards and other personal debt +

LONG-TERM NEEDS

You may want to replace your income for the period of time until your children are independent, or the number of years until

your spouse retires. If so, take into account the number of years your family may continue to rely on your income.

REPLACEMENT INCOME

Your annual income to be replaced: No. of years to replace income:

$ X = $

EDUCATION FUND

If you have children (or plan to), life insurance can help with their future

education costs +

AVAILABLE ASSETS

SAVINGS AND INVESTMENTS

Bank accounts (checking/savings), money market, CDs, stocks, bonds,

mutual funds, annuities and social security survivor/child beneﬁt - $

RETIREMENT SAVINGS

IRAs, 401(k)s, SEP plans, SIMPLE IRA plans, Keoghs, pensions and

proﬁt-sharing plans

- $

PRESENT AMOUNT OF LIFE INSURANCE

Other group life policies through employer and/or individual life policies -

ESTIMATED AMOUNT OF LIFE INSURANCE NEEDED

= $

AMOUNT OF AFLAC LIFE INSURANCE ACTUALLY APPLIED FOR: $

The amount indicated on the brochure may not match the coverage amount ultimately issued by Aﬂac.

HOW MUCH LIFE INSURANCE DO I NEED?

Aﬂac is here to help you determine the life insurance coverage amount that’s right for you.

Our assessment can help you determine how much life insurance you may need to help cover

your family’s immediate needs, such as funeral expenses, to their long-term need to sustain

their current lifestyle.

Life insurance needs worksheet:

WHAT IS COVERED?

ADVANCED CLAIM PAYMENT – PRIMARY

INSURED ONLY

Aflac may pay $5,000 upon the death of the named insured and

notification by the beneficiary. This can be used to help with

immediate needs – like funeral expenses or any other unexpected

expenses. The death benefit will be reduced by this amount.

ACCELERATED DEATH PAYMENT

FOR A TERMINAL ILLNESS – PRIMARY

INSURED ONLY

Aflac will pay up to 50 percent of the face amount selected if the

named insured is diagnosed with a terminal illness. The payment can

help you and your loved ones with the expenses of a terminal illness

(such as home nursing care, special equipment and hospitalization).

The benefit will be paid only once.

Any accelerated death payment will automatically establish a lien

against the policy. Aflac shall hold the lien as a debt against the death

benefit, policy benefits, cash values, any outstanding policy loans and/

or any other policy liens in existence under the policy. Any accelerated

death payment amount requested will be reduced by any existing

due and unpaid premiums, statutory child support liens, loans or liens

secured by the policy, plus unpaid interest and the administrative

charge.

OPTIONAL RIDERS

10-YEAR TERM LIFE INSURANCE RIDER

(RIDER ICC18B60050) (ISSUE AGES 18-70)

Aflac will pay up to 50 percent of the policy’s face amount for life

insurance coverage on the named insured.

WAIVER OF PREMIUM BENEFIT RIDER

(RIDER ICC18B60051) – PRIMARY INSURED

ONLY (ISSUE AGES 18-59)

Policy premiums will be waived if you become totally disabled under

the terms of the rider. Please refer to the Limitations and Exclusions

for more information.

ACCIDENTAL-DEATH BENEFIT RIDER

(RIDER ICC18B60052) – PRIMARY

INSURED ONLY (ISSUE AGES 18-69)

Aflac will pay an additional amount equal to the face amount selected

if your death is the result of a covered accident and occurs within

180 days of the covered accident. Also, we will pay an additional 25

percent of the face amount selected if your death is the result of an

automobile accident while you were wearing an unaltered, properly

fastened seatbelt installed by the manufacturer, and you were not at

fault for the accident, according to the police report. Please refer to

the Limitations and Exclusions for more information.

CHILD TERM LIFE INSURANCE RIDER

(RIDER ICC18B60053)

Aflac will pay $15,000 for life insurance coverage for each insured

dependent child up to age 25. To become insured, the child must

be at least 14 days old and younger than 18 years old at the time of

application. Insurance on each newborn child will become effective on

the later of: (1) the date the child attains the age of 14 days, or (2) the

date the child is first released from the hospital after birth.

REFER TO THE POLICY AND RIDERS FOR COMPLETE BENEFIT DETAILS, DEFINITIONS, LIMITATIONS AND EXCLUSIONS.

LIMITATIONS AND EXCLUSIONS

Any death beneﬁt of the policy will not be payable if the named insured

commits suicide or if anyone covered by additional riders commits

suicide, while sane or insane, within two years from the policy or

rider effective date. All premiums paid will be refunded, less any

indebtedness.

The advanced claim payment will not be payable if the named

insured’s death occurs less than two years after the policy effective

date.

The following information only applies to the Accelerated Death

Payment, Waiver of Premium Beneﬁt Rider and Accidental-Death

Beneﬁt Rider:

The Accelerated Death Payment will not be paid:

• If the named insured or his/her physician resides outside the United

States of America or outside the territorial limits of the place where

your policy was issued;

• If the owner is required by law to accelerate beneﬁts to meet the

claims of creditors;

• If a government agency requires the owner to apply for beneﬁts to

qualify for a government beneﬁt or entitlement; or

• If the policy is being continued as reduced paid-up life insurance or

extended-term life insurance.

The Waiver of Premium Beneﬁt Rider will not waive premiums if total

disability is caused or contributed by:

• Any attempt at suicide, or intentionally self-inﬂicted injury, while

sane or insane;

• War or any act of war, declared or undeclared, or any act incident

thereto;

• Active participation in a riot, insurrection or terrorist activity;

• Committing or attempting to commit a felony;

• Voluntary intake or use by any means of any drug, unless

prescribed or administered by a physician and taken in accordance

with the physician’s instructions; or poison, gas or fumes, unless a

direct result of an occupational accident;

• Intoxication, as deﬁned by the jurisdiction where the total disability

occurred; or

• Participation in an illegal occupation or activity.

The Accidental-Death Beneﬁt Rider will not be payable if the named

insured’s death results from, is caused by or contributed to:

• Intentionally self-inﬂicting a bodily injury, or committing or

attempting suicide, while sane or insane;

• Participating in, or attempting to participate in, an illegal activity that

is deﬁned as a felony, whether charged or not (felony is as deﬁned

by the law of the jurisdiction in which the activity takes place); or

being incarcerated in any detention facility or penal institution;

• Participation in an illegal occupation or activity;

• Active participation in a riot, insurrection or terrorist activity;

• Being exposed to war or any act of war, declared or undeclared;

• Participating in any hazardous activities to include sky diving, scuba

diving, hang gliding, motorized vehicle racing, cave exploration,

bungee jumping, parachuting, mountain or rock climbing, or aviation

in a capacity other than a passenger (except any aviation on a

commercial airline ﬂight or ﬁrst responder ﬂight);

• Having any inﬁrmity, illness or disease, including a bacterial

infection, unless such bacterial infection also occurred

simultaneously with and in consequence of a covered accident;

or an error, mishap or malpractice during medical or surgical

treatment, including diagnosis, for any inﬁrmity, illness or disease;

• Intoxication as deﬁned by the jurisdiction where the accident

occurred; or

• Voluntary intake or use by any means of: any drug, unless

prescribed or administered by a physician and taken in accordance

with the physician’s instructions; or poison, gas or fumes, unless a

direct result of an occupational accident.

TERMS YOU NEED TO KNOW

ACCELERATED DEATH PAYMENT: any accelerated beneﬁt paid under

the policy.

ACCIDENTAL-DEATH: death occurring as the direct result of an

accidental bodily injury. Injury means an accidental bodily injury

sustained by the named insured which is a direct result of an accident,

independent of sickness, disease, bodily inﬁrmity, mental illness, or any

other cause.

BENEFICIARY: the person or persons to receive the proceeds upon the

named insured’s death.

DEPENDENT CHILD: the named insured’s or the named insured’s

spouse’s natural child, stepchild, or legally adopted child.

FACE AMOUNT: the amount shown in the Policy Schedule.

INDEBTEDNESS: any existing due and unpaid premiums, statutory

child support liens, loans, or liens secured by the policy, plus unpaid

interest.

LIEN: our right to or interest in the proceeds, cash values, and/or policy

loans that are established as a result of your indebtedness to us.

NAMED INSURED: the person whose life is insured under the policy

and is named as such on the Policy Schedule. The named insured is

not the person insured in any child rider.

PHYSICIAN: a person legally qualiﬁed to practice medicine, other than

you or the named insured or a member of your or the named insured’s

immediate family, who is licensed as a physician by the state where

treatment is received to treat the type of condition for which a claim

is made.

POLICY EFFECTIVE DATE: the date(s) coverage begins as shown in the

Policy Schedule. The policy effective date is not the date the named

insured signed the application for coverage.

TERMINAL ILLNESS: a condition that is diagnosed by a physician after

the policy effective date and while the policy is in force and that, in

such physician’s best medical judgment, will cause the named insured

to die within 12 months of the date of such diagnosis in spite of all

possible treatments.

TOTAL DISABILITY: any disability that results from sickness or

accidental injury and prevents the named insured from engaging in

their job for a period of 90 consecutive days. During the ﬁrst 24 months

of total disability, total disability means the named insured is unable to

engage in their job due to sickness or accidental injury. After the ﬁrst

24 months of total disability, total disability means the named insured,

due to sickness or accidental injury, is unable to engage in their job

and unable to perform the substantial and material duties of any other

job for which the named insured may become reasonably suited by

education, training, or experience. Refer to the Waiver of Premium

Beneﬁt Rider for details.